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that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with mo
that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has...
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Dec 31, 2012
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and yet not a single fatal commercial airline accident in the u.s. in nearly four years. and worldwide, 2012 is going down as the safest year ever, with just one accident for every 5.4 million flights. veteran aviation safety expert john cox. >> what's significant about that is that we're improving by 50% over last year, which was the aviation's safest year previously. it's an incredible feat. >> reporter: why the improvement? pilots have never been better trained. computerized cockpits monitor every aspect of flight. systems warn pilots of a potential crash or mountain ahead. and hd simulators for pilots and air traffic controllers train them to handle emergencies before they face a real one. deb deb debby herzman is chairman of the ntsb. >> we bring the accidents back in, they have been embraced in many cases and we're not seeing repeats of those same accidents. >> reporter: but experts say two actions in which human failure was partly to blame. air france 447 crashed into the atlantic in 2009, killing 228. that same year, regional airline, flight 3407, crashed in buffa
and yet not a single fatal commercial airline accident in the u.s. in nearly four years. and worldwide, 2012 is going down as the safest year ever, with just one accident for every 5.4 million flights. veteran aviation safety expert john cox. >> what's significant about that is that we're improving by 50% over last year, which was the aviation's safest year previously. it's an incredible feat. >> reporter: why the improvement? pilots have never been better trained. computerized...
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Dec 31, 2012
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. ♪ tum tum tum tum tums aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> as so many of you likely know, this will be the first new year's out dick clark. tonight, they are preparing a tribute as we hear from dick clark's wife, who made the trip to times square to ring in another new year. >> times square in new york. you're invited to new year's rockin' eve, '74. >> reporter: long before he became the face, the friend who would guide us into every new year. >> 2001. >> reporter: dick clark head made his way into living rooms across america. >> dick clark! >> this one is called "rock around the clock." ♪ one, two, three o'clock >> reporter: he said it was very simple. we played a record, and the kids danced. and we made the way we danced okay for parents, who still needed convincing. 1957, it all started. there would be 36 years 0 "american bandstand" on abc. those boomers getting the
. ♪ tum tum tum tum tums aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> as so many of you likely know, this will be the first new year's out dick clark. tonight, they are preparing a tribute as we hear from dick clark's wife, who made the trip to times square to ring in another new...
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Dec 31, 2012
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economy is the u.s. congress. and i think that's it. people are pretty fed up, and all they're trying to do really is sort of damage control, andct not make themselves look worst than they look. >> lot of, just observers hereob in all of this, is this going to be the new normal, unproductive do nothing congress?co >> i think because of the political complexion of things, and extremism is sort of appreciated, and that congress people view just staying in office rather than doingdo something for the betterment of their country, coupled with just the institution that there's ath republican house, democratic president, a democratic senate, you are always going to have problems, but you have moremo problems than 10 or 20 years ago because of the political psyche of the elected officials. >> so many people thought, nowth that president obama was reelected, that we still wouldn't receive the same sort of gridlock in congress. >> it won't happen, it won't be different until incumbents are beaten just for being an incumbent, and that didn't happ
economy is the u.s. congress. and i think that's it. people are pretty fed up, and all they're trying to do really is sort of damage control, andct not make themselves look worst than they look. >> lot of, just observers hereob in all of this, is this going to be the new normal, unproductive do nothing congress?co >> i think because of the political complexion of things, and extremism is sort of appreciated, and that congress people view just staying in office rather than doingdo...
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Dec 31, 2012
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. >>> but first, the u.s. is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
. >>> but first, the u.s. is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief...
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Dec 31, 2012
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we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue was still be -- guard against not being optimistic enough. we think in 20131 must guard against being too optimistic. gerri: oh boy. to you. has there been a little complacency in the market? will we have seen is the market's trading down on fiscal cliff talk that has been moving on that. you're bullish. where do you think the stocks will be rising on? we will be the news that will compel the stocks higher. >> love it is really the healing of the global economy. now that you are starting out of china and india stabil
we will go up in u.s. stock market, but we will see even bigger percentage rises in both china and india. gerri: all right. when you look at this the thing folks are seeing a $600 billion hit to the economy. higher taxes, lower government spending. gerri: we are probably going to see amid cycle slowdown. importantly valuations are not that attractive. the bond market is really in a bowl. stocks are up 20-25% depending upon which markey looking at. we would say in 2013 whereas in 2012 the issue...
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a similarly developed countries so it obviously is a unique problem to the u.s. you i think you hit the nail on the had mental health is obviously a really big factor in all of this time and time again obviously if somebody has the capacity to shoot up a school or a public public place this person is not in a sound mental state what do we do about that perhaps getting rid of the stigma associated with getting help finding help for these people surely something needs to get done to make sure that people that are disturbed and mentally ill do get the help that they need right and also maybe not keeping firearms if you have some of the family who is mentally ill don't have a gun. that they can access it and you know we have about a minute left on as i say i want to go with you when i see obama crying was a very tragic moment of course means we're counting the victims of all these children who need the died i just can't help but wonder what if we media show the faces of drone of kids who were killed in drone bombings that happened so frequently i mean is it time to e
a similarly developed countries so it obviously is a unique problem to the u.s. you i think you hit the nail on the had mental health is obviously a really big factor in all of this time and time again obviously if somebody has the capacity to shoot up a school or a public public place this person is not in a sound mental state what do we do about that perhaps getting rid of the stigma associated with getting help finding help for these people surely something needs to get done to make sure...
WHUT (Howard University Television)
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Dec 31, 2012
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u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be shooting in newtown, conn.. the case around trayvon martin sparked national protest after officials refused to arrest george zimmerman. president obama continues his secret drone wars. we spend the hour looking back at the moment and movements that shaped 2012. >> democratic congresswoman gabrielle giffords has announced she will step down this week. she was shot in the head last year in a shooting spree that left six people dead in tucson. >> thank you for your prayers and for giving me the time to recover
u.s. history. president obama defeated mitt romney forcing the republicans to reconsider their policies among others returning women and immigrants. while the major party presidential candidate did not take on fossil fuel, climate change in any of their debates, it was a year of extreme weather from melting of the arctic to superstorm sandy to the massive typhoon in the philippines. 2012 will also be remembered for a series of mass shootings from aurora, arata, to the sikh temple, to be...
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Dec 31, 2012
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>> the u.s. congress has taken incomplete, remember that, you would call the registrar and, or your professor, and you took an incomplete, and that's what they've done. mcdonnell and the democratsdemo could get something done in terms of taxes, and it's a stage of process, but in terms of the whole bargain, they want more time of the what republicans didn't want to have blamedblam monday them is that they increased taxes on the middle class, and so maybe tim kainey was prophetic.ti he said let's just settle atse 500,000.tt they settled at 450,000, and noo move to the tougher stuff later. >> we've seen a lot of frustration and it's not justjus the americans who will be affected. lawmakers also fed up, maryland senator, the longer serving woman in the senate, said i, lived through 9/11, i've lived through impeachment of a president, but this is what we are doing to hour selfment are you surprised we got to thisto point?po >> not really, and i tried to talk about it in recent weeks.s. we now have th
>> the u.s. congress has taken incomplete, remember that, you would call the registrar and, or your professor, and you took an incomplete, and that's what they've done. mcdonnell and the democratsdemo could get something done in terms of taxes, and it's a stage of process, but in terms of the whole bargain, they want more time of the what republicans didn't want to have blamedblam monday them is that they increased taxes on the middle class, and so maybe tim kainey was prophetic.ti he...
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Dec 31, 2012
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if i'm a u.s. citizen and say i invest in another country, when i sell that investment do i pay the capital gain to that country or do i pay it in the united states since i'm a citizen of the u.s.? >> pay both but then you get what is called a foreign tax credit for your foreign taxes paid. basically the u.s. treasury taxes you on "your world"wide income. however, it does ccedit you for some of the foreign taxes you've paid. adam: would the credit, would the credit, wouldn't that minimize the impact of the increase here in the united states? or is it the other direction and forces investors to seek invests overseas as opposed to here where they pay the higher capital-gains tax rate? >> what is important here we want foreign investors to come to the united states and invest in our growth companies and our high-tech companies. if we have a high capital-gains tax rate it will hit those foreign investors. so we want, investment money flowing into the united states. if we have high tax rates we'll be sc
if i'm a u.s. citizen and say i invest in another country, when i sell that investment do i pay the capital gain to that country or do i pay it in the united states since i'm a citizen of the u.s.? >> pay both but then you get what is called a foreign tax credit for your foreign taxes paid. basically the u.s. treasury taxes you on "your world"wide income. however, it does ccedit you for some of the foreign taxes you've paid. adam: would the credit, would the credit, wouldn't...
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and you can see that ebay is resurging in the u.s. and so, as europe gets weaker, that makes it a stronger play for 2013. plus, if you are concerned about the impact of taxes going up, and you want to down market play, ebay gives you the same goods at a range of price points, right? new this season, new last season, refiurbed, used. >> colin gill list, thank you. >> stud. >> yeah. would you pair up a long ebay with a short amazon? >> amazon, last week, we said they are probably going to trade down to $240, it was $242 and change today. i think amazon probably continues higher. but ebay is a monster. we talked about it forever. the valuations are fair, as colin just said, so, yeah, i like ebay alone. >> all right, still to come, the final stock market pops and drops for the year. but first, what happens to commodities if global growth slows in 2013? we have your top trades with the commodities king. and financials become the top group in the s&p this year. why one trader is turning bearish on them. much more "fast" coming up. [ male an
and you can see that ebay is resurging in the u.s. and so, as europe gets weaker, that makes it a stronger play for 2013. plus, if you are concerned about the impact of taxes going up, and you want to down market play, ebay gives you the same goods at a range of price points, right? new this season, new last season, refiurbed, used. >> colin gill list, thank you. >> stud. >> yeah. would you pair up a long ebay with a short amazon? >> amazon, last week, we said they are...
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary clinton remains hospitalized this evening at new york presbyterian hospital. state department spokesperson phillip ray na said that doctors found that clot sunday during a follow-up exam. secretary clinton had fainted and fallen earlier this month as a result of severe dehydration from a stomach flu. she is being treated with anti-co-ing a lantz to resolve the clot which was found in her head. with us to discuss the case, nbc news chief science and health correspondent bob bazell. good to see you, bob. when we talked last night, what you said was we were missing a critical piece of information, which is where i
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> secretary of state hillary...
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the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your ba
the u.s. is going over the fiscal cliff, at least technically. we'll see what the senate does tonight, if anything. what the house of representatives does to follow the stakes, as all of us know, are enormous. senators, thanks very much for joining us. >> thank you. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great....
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perversely, the u.s. dollar would benefit as a safe haven currency, perhaps even the pseudo-safe haven japanese yen would benefit temporarily. and then alto the u.s. is downgraded, u.s. treasuries actually stand some room the gain here. liz: okay. but the yen, for example, was falling today. in fact, it hit its lowest level in two years. the dollar's gain against the yen is the best that we've seen in, what, about five or six years? since '05 really, so seven years. what do you like out there. what are if i could ask you to pick two different currency, do you feel if people want that as slice of their investment pie, where should they be putting their money? >> i think the mistake in 2012 is betting against the euro. the fact that it's a, greece exiting the eurozone is going to drag down the euro with it. i don't think that's the way you want to play that this coming year. the euro is supported by trade and investment flows, they keep it on an even keel. where you want to focus are on those currencies tha
perversely, the u.s. dollar would benefit as a safe haven currency, perhaps even the pseudo-safe haven japanese yen would benefit temporarily. and then alto the u.s. is downgraded, u.s. treasuries actually stand some room the gain here. liz: okay. but the yen, for example, was falling today. in fact, it hit its lowest level in two years. the dollar's gain against the yen is the best that we've seen in, what, about five or six years? since '05 really, so seven years. what do you like out there....
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Dec 31, 2012
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>> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no deal, that makes you concerned about u.s. equities versus international ones? >> well, yes. but i think it's a relative concern. because i think risk assets around the world are attractively valued right now. but you're absolutely right. regardless of what sort of deal we get today or in the next three months, the fact of the matter is it will have an adverse impact next year. the question is is it going to be bad enough to throw the country into recession or not? we suspect not. and you're seeing today that it looks like a -- that both political sides have been able to find common ground on
>> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no...
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it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the proteks to homosexual couples, there's been hold up there again. almost a deal just not enough time and frankly with this environment not enough goodwill necessarily to get this deal done. there were things in the works. there was a lot of hope that some of these things would get done if fiscal cliff could be put off the table. it's not going to happen. >> when you talk about not enough goodwill, that's true when the cameras are on. when the cameras are off a lot of these people like each other, they're collegial, they're very much a family, at least in the senate, probably in the house, too. there
it, though they're not going to be able to pass something to reform, for example, the cash-strapped u.s. postal service, our understanding is they got 90% to 95% of a deal. it came down to worker compensation claims. that's a big philosophical difference. but otherwise there was a plan. reauthorizing the violence against women act, there's another one. obviously everyone wants to reauthorize it. they understand those protections are needed. because democrats were pushing to expand some of the...
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u.s. rules to restrict foreign. mideast peace with israel links to stage with palestine . yet this was their reality israel's assault on palestinian militants in gaza israel's anti-missile shield repelled in most attacks on its territory but its strike claimed the lives of more than one hundred sixty palestinians many of them civilians despite harm. condemnation from many in the international community the war and israel's subsequent decision to construct three thousand new settlements effectively slammed the door shut to any prospect of peace go through people power moment you step aside and let a democracy in. get lost get most notorious kuantan in my prison permanently shot. euro zone cuts the cuts and lifts austerity. but the news of austerity only tightened as deep public sector cuts brought thousands of angry demonstrators to the streets of greece spain italy and portugal. the worst economic crisis of a generation has battered the european union's very foundations exacerbating tensions between member states with some regions now desperately wanting out i grew up in a
u.s. rules to restrict foreign. mideast peace with israel links to stage with palestine . yet this was their reality israel's assault on palestinian militants in gaza israel's anti-missile shield repelled in most attacks on its territory but its strike claimed the lives of more than one hundred sixty palestinians many of them civilians despite harm. condemnation from many in the international community the war and israel's subsequent decision to construct three thousand new settlements...
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the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >> first off, i'm optimistic because it is a step in the right direction. all it is, is a step. big stuff to work on. >> that said and i talk a lot to counter parts, we are all operating in this mode we are in flat economies and a few bright spots around and you jump on those and anything with the solution, is pretty short term and there is a lot bigger stuff to do before we can grow the u.s. i'm a big optimist on the u.s. but we have work to do. >> david, in the lead up to this fiscal cliff deadline, a lot of ceos we have spoken to have said, just the uncertainty that the tax rates will b
the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >>...
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interesting to call that also the fact that israel now has more and don't have so i know that a certain u.s. and a new player a final turn so i could throw out of time we've got a few things to catch up just a final term so i can look looking towards the new everything to be positive about ten seconds. in ten seconds the mood on the ground both here in israel and in palestine is not particularly positive of course everybody is hoping that we could see a resumption of peace talks but the present prognosis is not particularly positive paula thank you we should all the best of think you've been a great colleague over the last year and we look forward to next year as well be speaking to a lot more of course a lot of people talking about the prospects of peace between israel and palestine but we have war raging in neighboring neighboring syria and that's been a tremendous event of course throughout two thousand and twelve. again our team of course covered that as you'll know if you've watched over the last twelve months let's see what they had to say about it. it became very apparent after a mas
interesting to call that also the fact that israel now has more and don't have so i know that a certain u.s. and a new player a final turn so i could throw out of time we've got a few things to catch up just a final term so i can look looking towards the new everything to be positive about ten seconds. in ten seconds the mood on the ground both here in israel and in palestine is not particularly positive of course everybody is hoping that we could see a resumption of peace talks but the present...
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the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard they would stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are fi
the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around which would be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to...
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new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve these problems in terms of a bigger deal, a grand bargain that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes but deals with the spending in a balanced way so that we can put all this behind us and focusing on growing our economy. but with this congress that was obviously a little too much to hope for at this time. sikh that was president obama sharing his thoughts on the debate over cutting federal spending. while there were reports of significant progress a short time ago. there is concern from republicans that they
new calls to throw out u.s. constitution. just toss it out the window. we'll explain and debate that coming up next. arthel: if you can make it here you can make it anywhere. thousands brave the cold big apple for tonight's big ball drop. we'll bring you the latest from the ground at the new year's eve celebration that's viewed around the globe. [♪] >> i have to say ever since i took office, throughout the campaign and over the past several months. my preference would have been to solve...
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u.s. policy toward north korea hoping that north korea will give up its weapons for aid has been a failure. it's been a bipartisan failure, frankly, for decades, and it's gotten us now to this point. the hope that north korea can be induced to abandon its ambitions for nuclear weapons and missiles distracts us, north. it distracts us from pursuing the very policies that might actually change the behavior of the regime and support its people. going forward, we need to move away from an unimaginative policy here to one with energy and creativity and focus, so let's tackle north korea's illicit activities, its counterfeiting of u.s. currency. this regime will do anything for money. it is, as many north koreans will tell you, it is a gangster regime. let's interfere with those shipments and disrupt the bank accounts that are used. let's ramp up radio broadcast in the country where there is information wall that is cracking. and let's help the refugees who are literally dying to escape the pris
u.s. policy toward north korea hoping that north korea will give up its weapons for aid has been a failure. it's been a bipartisan failure, frankly, for decades, and it's gotten us now to this point. the hope that north korea can be induced to abandon its ambitions for nuclear weapons and missiles distracts us, north. it distracts us from pursuing the very policies that might actually change the behavior of the regime and support its people. going forward, we need to move away from an...
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vice president biden served as a u.s. senator for more than 30 years. few people really understand the way these types of negotiations work like he does. in addition to that, equally importantly, 23 of those years were spent serving alongside minority leader mitch mcconnell. so they have a good working relationship, good personal relationship. you remember that yesterday mcconnell said he needs a dance partner in these negotiations. he didn't feel as though they were moving forward. so he reached out to vice president biden. biden engaged. and what looked like a stalemate yesterday really has begun to move forward overnight, the two on the phone late into the evening until midnight i am told working out the details of a compromise. their staffers on the phone into the early morning hours. folks here at the white house up quite late as well. so it looks like some type of compromise is starting to form that would include increasing taxes on those making $450,000 or less. remember president obama wanted that threshold at 250,000. house speaker john boehner
vice president biden served as a u.s. senator for more than 30 years. few people really understand the way these types of negotiations work like he does. in addition to that, equally importantly, 23 of those years were spent serving alongside minority leader mitch mcconnell. so they have a good working relationship, good personal relationship. you remember that yesterday mcconnell said he needs a dance partner in these negotiations. he didn't feel as though they were moving forward. so he...
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the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year. midnight arrived in asia. they are calling it a pyre tech nick musical. they were scheduled to begin an hour before midnight. hong kong on the top ten places to ring in the new year. let's listen. ♪ ♪ ♪ ♪ >>> ring in the new year, good morning 2013. we'll continue to monitor all of these celebrations as the day rolls on. the night rolls on in some cases. midnight in the u.s. is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets movin
the u.s. snalt gets back to work right about now. the house has been in session for about an hour now. senate leaders are the ones trying to hammer out a deal picking tax break ceilings, trying to lessen the impact of spending cuts. there are still major obstacles to pass. but this morning we're hearing that progress is being made. we'll have more on that and the fiscal cliff negotiations in a minute. >>> first, i want to show you the rest of the world is ringing in the new year....
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let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time we reach this sort of problem with regret to fiscal policy in congress. the big issues obviously -- by the way, sequester is the artificial into the bill into this. the big issue, and salomon reform, long-term tax rates to what to do about spending, $16 trillion in debt. again, being postponed. the bottom line is a mini deal along the lines of kicking the can down the proverbial alley, no doubt about it. waiting until a new congress is sworn in in order to hopefully finally really bottom-line did to the major policy issues regarding the country incl
let's bring in former maryland governor and u.s. congressman, now senior counsel for government advocacy and public policy at king and spalding. of what your initial reaction to everything that we have not seen in fact, the lack of. what do you make of this last-minute wrangling with less than 12 hours to go? >> reporter: this reminds me of all the omnibus budget negotiations from the past. never changes. i was keeping a list. the anc. it is the same issues over and over again every time...
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a report by the fbi says nearly four in 10 u.s. gang members have some ties to drug trafficking organizations based in mexico. that is far more than any other outside group. also this fbi report says that the number of gang members operating in the u.s. shot up 40% in the last year. nearly one in three police officers here in the southwest are concerned saying that gang activity and drug trade in their areas has increased over the course of the last two years. people like assistant sheriff gary pentis in ventura, california, where they're battling cartel and gang members. take a listen. >> i think most law enforcement agencies put the gang activity as a huge priority because of violence in our communities. violent crime is a huge priority. we have to keep the dopers on their heels because that is the power, that's the money. it all works together. >> reporter: and they all work together including federal agencies battling some of these same cartels. off the coast of california the cartels are working with gang members to go out fur
a report by the fbi says nearly four in 10 u.s. gang members have some ties to drug trafficking organizations based in mexico. that is far more than any other outside group. also this fbi report says that the number of gang members operating in the u.s. shot up 40% in the last year. nearly one in three police officers here in the southwest are concerned saying that gang activity and drug trade in their areas has increased over the course of the last two years. people like assistant sheriff gary...
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. >> u.s. ambassador to libya chris stevens and three other americans on his staff were killed last night as protesters stormed the american consulate in benghazi, libya. >> what do we know about the people behind the attack in benghazi? >> they're driven by a belief that the united states is engaged in a war with islam. >> why did an american army sergeant walk into an afghan village and kill 16 civilians? >> the pakistani taliban says it's not done with the 14-year-old girl that it tried to kill. >> they will not stop me. i will get my education, if it is in homes, schools, or anyplace. >>> the s.e.a.l. who calls himself mark owen describes approaching bin laden's room after they had killed his son, khalid. >> so after osama bin laden is wounded, he's still moving, you shot him twice? >> three or four times. >> when somebody talks about the particulars of how those operations are conducted, it tells our enemies essentially how we operate. >>> jerry sandusky, the former penn state assistant fo
. >> u.s. ambassador to libya chris stevens and three other americans on his staff were killed last night as protesters stormed the american consulate in benghazi, libya. >> what do we know about the people behind the attack in benghazi? >> they're driven by a belief that the united states is engaged in a war with islam. >> why did an american army sergeant walk into an afghan village and kill 16 civilians? >> the pakistani taliban says it's not done with the...
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk california. it's been another banner year for the formerly golden state. voters approving carbon taxes on business. higher taxes on themselves. and the state overwhelmingly voted for the president in the election. more than 60% of the state voting in favor of president obama for his reelection. let's bring in our next guest. he is chairman of the republican party in california. i'm not being sarcastic but i didn't think the republicans existed in california any longer. you are their chairman, is that correct? >> it is. it was a rough year. stuart: what does 2013 hold in store for california? >> well, actuall
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk...
SFGTV2: San Francisco Government Television
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new york is the most densely populated city in the u.s. and over 40 million tourists visit the city every year. the 1.3 billion gallons of water required every day are delivered by a system of extraordinary scale and complex engineering. man: water is essential to the economic viability of new york city. reliable infrastructure and reliable delivery of water is a must. you have to reinvest in the infrastructure every single minute to keep it current. hurwitz: we have the stock exchange, we have the united nations -- failure can have a dramatic impact on the nation, and even internationally. so there's a really keen awareness that you always have to be fixing the system. things corrode, they rust. they get to where you turn them on and nothing happens. but it is so totally used in every nook and cranny, that making any accommodation to shut it down, to do something to it, is very difficult. narrator: two massive underground tunnels, called simply tunnel 1 and tunnel 2, provide most of the city's water supply. they run hundreds of feet below
new york is the most densely populated city in the u.s. and over 40 million tourists visit the city every year. the 1.3 billion gallons of water required every day are delivered by a system of extraordinary scale and complex engineering. man: water is essential to the economic viability of new york city. reliable infrastructure and reliable delivery of water is a must. you have to reinvest in the infrastructure every single minute to keep it current. hurwitz: we have the stock exchange, we have...
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>>> happening now, u.s. senators on capitol hill are releasing a scathing new report on the attack on the u.s. consulate in benghazi. on the right of your screen is maine senator susan collins. she's one of the two top members on the senate homeland security committee. let's bring in our own jill dauerty, our foreign affairs correspondent who is monitoring this from the state department. what can you tell us? >> if you listen to what the senator is saying and also senator joe lieberman, they are coming up with essentially three different things. the main thing is that there was a rising crescendo of evidence from the intelligence community and even open sources that benghazi was increasingly dangerous and attacks there were more and more likely, but the reaction was woefully inadequate. they say the system as one official was flashing red. the state department, they say, did not adequately respond to that. another key point is they talk about security. security in other countries for embassies and consulates
>>> happening now, u.s. senators on capitol hill are releasing a scathing new report on the attack on the u.s. consulate in benghazi. on the right of your screen is maine senator susan collins. she's one of the two top members on the senate homeland security committee. let's bring in our own jill dauerty, our foreign affairs correspondent who is monitoring this from the state department. what can you tell us? >> if you listen to what the senator is saying and also senator joe...
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u.s. forces deported the plane this year. ospreys can fly twice as fast as the helicopter and four times as far before they need to refuel and they can transport three times the weight. the deployment of the osprey sparked protest in okinawa and elsewhere because of concerns about its safety record. ministry sources say they will consider public opinion and the cost of introducing the planes. japanese peacekeepers in the golan heights have begun to return home as their 16-yir-long mission nears its end. the first group of 33 members of the self-defense forces arrived at narita airport in tokyo on monday. government officials decided earlier this month to recall the peacekeepers earlier than planned. securing their safety had become difficult because of the civil war in syria. defense ministry officials say the remaining 14 members will wrap up their mission by mid-january. >>> japan first sent sdf personnel to the golan heights in 1996 as part of a united nations mission to monitor the cease-fire between syria and israel. mem
u.s. forces deported the plane this year. ospreys can fly twice as fast as the helicopter and four times as far before they need to refuel and they can transport three times the weight. the deployment of the osprey sparked protest in okinawa and elsewhere because of concerns about its safety record. ministry sources say they will consider public opinion and the cost of introducing the planes. japanese peacekeepers in the golan heights have begun to return home as their 16-yir-long mission nears...
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u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is t
u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income...
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heather: as the u.s. heads closer to the edge of the so-called fiscal cliff one of the big consequences of going over is a series of major spending cuts that would take a direct toll on america's armed forces. while lawmakers of all stripes have seen this debate playing out firsthand our next guest knows all too well the affects those cuts would have on the men and women who keep americans safe. bucky shinmoedake chairman of the house armed services committee. thank you for joining us. >> thanks for having me. >> to do the math the 500 billion reduction in military spending triggered by 2011's budget control act would be added to the 487 billion the obama administration larry limb natured in this year's budget q. can our military survive that? >> we had five hearings leading up to this. and all of the former and current military leaders said how devastating it would be from the secretary of defense on down. secretary of defense said that it would be like shooting ourselves in the head. you know there hasn
heather: as the u.s. heads closer to the edge of the so-called fiscal cliff one of the big consequences of going over is a series of major spending cuts that would take a direct toll on america's armed forces. while lawmakers of all stripes have seen this debate playing out firsthand our next guest knows all too well the affects those cuts would have on the men and women who keep americans safe. bucky shinmoedake chairman of the house armed services committee. thank you for joining us. >>...
WHUT (Howard University Television)
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um, the u.s. always says that this not about any one country, but if i'm a chinese military leader i would take it to mean china specifically and they do. >> china has a very concerted blue water policy. they believe that they need to dominate the seas. they are, uh, they are extraordinarily worrying to india on the one side, to our other asian allies, and we have understood the imperative of resourcing a push-back in the pacific. the problem is we haven't understood that we need to spend to do it and we haven't figured out how to spend to do it. >> when i talk to chinese defense analysts and scholars when i visit china they don't talk about these legacy systems. they are happy to let us patrol the sea lanes and do all the traditional great power things that require these big, extremely expensive systems. they want to jump over the world of aircraft carriers and manned bombers to a new era in which the wars will be fought in, in space, with blinding our sensors that are in space, and in cyberspace
um, the u.s. always says that this not about any one country, but if i'm a chinese military leader i would take it to mean china specifically and they do. >> china has a very concerted blue water policy. they believe that they need to dominate the seas. they are, uh, they are extraordinarily worrying to india on the one side, to our other asian allies, and we have understood the imperative of resourcing a push-back in the pacific. the problem is we haven't understood that we need to spend...
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the u.s. is still stuck on the edge of a cliff but only hours left before a tough mix of tax hikes and spending cuts hits americans. to gators begin ruling out possible causes for the deadly plane crash of the moscow. correspondent outlines the tragedies step by step. from the rest of middle eastern arab world to europe's money roller coaster the russian public getting more political vocal some of the major events that shaped twenty twelve. watching kerry just welcome to the program. trying to pull us back from the brink over the fiscal cliff couldn't get much closer to the wire in a few hours time americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday but republicans and democrats just can't agree on how to avert it and time is rapidly running out washington correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you
the u.s. is still stuck on the edge of a cliff but only hours left before a tough mix of tax hikes and spending cuts hits americans. to gators begin ruling out possible causes for the deadly plane crash of the moscow. correspondent outlines the tragedies step by step. from the rest of middle eastern arab world to europe's money roller coaster the russian public getting more political vocal some of the major events that shaped twenty twelve. watching kerry just welcome to the program. trying to...
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we're cautiously optimistic that the obama administration will finally allow sikhs to service in the u.s. armed forces with their articles of faith in tact. it would be a very important and historic step. >> we'd like to see the obama administration take the lead in acknowledging and including non-theistic americans in the decision making process. >> pro-life issues are always a concern. someone has to protect the innocent life and certainly we think our government ought to be able to do that. >> i also really hope and pray that in the second administration he takes on the issue of climate change. i think that unfortunately it's become a politicized, highly contentious issue and that it's not and it's becoming more clear to us as the days go on that it's something that we need to take on. >> whatever can be done to make our children safer, including stopping availability of assault weapons and these magazines that can kill people, and having people able to get weapons without adequate background checks. it's really time to put an end to that. and i hope every parent in america calls for
we're cautiously optimistic that the obama administration will finally allow sikhs to service in the u.s. armed forces with their articles of faith in tact. it would be a very important and historic step. >> we'd like to see the obama administration take the lead in acknowledging and including non-theistic americans in the decision making process. >> pro-life issues are always a concern. someone has to protect the innocent life and certainly we think our government ought to be able...
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she was not well enough to appear on capitol hill to testify on the september 11th attack on the u.s. consulate in benghazi, libya. she's been treated with anti-coagulants. doctors want to monitor her medication over the next several hours. dierdre bryant, abc news, new york. >>> and to our other major story, the looming fiscal cliff. lawmakers worked through the night to try to reach an agreement. >> without a deal, taxes are set to go up for just about every american. tahman bradley joins us from washington with more on the stalemate. tahman? >> reporter: john and paula, good morning. tension is growing here in washington, after weekend talks failed to lead to a deal. if there is no breakthrough today, the country will go over the cliff. talks continue but this morning, there is still no deal. >> we'll have further announcements, perhaps, at 11:00 in the morning. i certainly hope so. >> reporter: republicans and democrats negotiated all weekend, with the hope of passing legislation to protect most people from a massive tax hike. >> our top priority has to be to make sure that taxes
she was not well enough to appear on capitol hill to testify on the september 11th attack on the u.s. consulate in benghazi, libya. she's been treated with anti-coagulants. doctors want to monitor her medication over the next several hours. dierdre bryant, abc news, new york. >>> and to our other major story, the looming fiscal cliff. lawmakers worked through the night to try to reach an agreement. >> without a deal, taxes are set to go up for just about every american. tahman...
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don't put your fingerprints on it. >>> the first u.s. gold since 1996. >> phelps won two more gold medals making him the most decorated olympic athlete in history. >> lebron james captures that elusive title he so desperately coveted. >>> welcome back to "cbs this morning." >> and i'm charlie rose. >> and i didn't say my name. >> oh, i'm sorry. >>> charlie, norah, gayle, thank you. >> when i first sat down, she went, we're very nice people. >> hi, charlie. >> great show, great set. >> how did you know you were a funny kid? >> when i was 3 days old. >> look who else is here. >> i'm here. >> what do you say about the country for the next four years. >> i feel good. i feel smarter. >> where are we going, charlie. >> did you really just ask me that? >> don't tell me you're going do this. >> louis, we can hear you. >> you're the one who asked me. >> he is charlie rose. >> i know, i know. i forgot. >> i'm going to be 48 soon. >> you're a baby. >> i like you so much. >> this is too personal. >> totally excited to be here. >> am i leaving you no
don't put your fingerprints on it. >>> the first u.s. gold since 1996. >> phelps won two more gold medals making him the most decorated olympic athlete in history. >> lebron james captures that elusive title he so desperately coveted. >>> welcome back to "cbs this morning." >> and i'm charlie rose. >> and i didn't say my name. >> oh, i'm sorry. >>> charlie, norah, gayle, thank you. >> when i first sat down, she went, we're...
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and offering cash to a u.s. somd jury. so far the embassy has not responded to the threat. >> president obama says he is committed to changing the gun control law. a very specific proposal and like to have it passed. on nbc's meet the press, president obama said the trahook should be a wake up call. >> the question then becomes whether we are actually shook up enough by what happened here. that it does not just become one of these routine episodes where it gets a lot of attention for a couple weeks and drifts away. certainly won't feel like that to me. this is something that that was the worst day of my presidency. and it's not something i want to see repeated. >> the president created a task force to come up with recommendations on how to reduce america's gun violence. >> all right. tucker is back now to talk about our cold weather. >> yeah. it got cold overnight overnight. at least the winds have let up. yesterday a very blustery day. nobody notices. they were too busy watching football. today the winds out of here. clou
and offering cash to a u.s. somd jury. so far the embassy has not responded to the threat. >> president obama says he is committed to changing the gun control law. a very specific proposal and like to have it passed. on nbc's meet the press, president obama said the trahook should be a wake up call. >> the question then becomes whether we are actually shook up enough by what happened here. that it does not just become one of these routine episodes where it gets a lot of attention...
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is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you rightly know, ali, it's not a cliff, it's a slope. it's an ever-increasing slope over several months. you don't even have to wait long. you've only got to see what would happen when the social security withholdings start increasing, the withholding tax starts to move up. then you see that boomeranging effect we talked about. >> you and i have made fun of a lot of the europeans who have not been able to get their act together. when you look at the united states, who's messing it up more? >> it is -- i can only tell you, from listening to morning to the commentaries on british radio and reading the bri
is there some sense that, just like the u.s. set off all of this nonsense back in 2008, a u.s. retrenchment, as you call it, a slowdown in growth caused by the fiscal cliff, could boomerang around the world and actually push the united states further back? >> there's no question. a self-defeating, downward spiral would begin if the worst effects of the fiscal cliff come into effect, and they're not reversed. and you don't even have to wait for the full magnitude which would, as you...
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bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have -- he has already begun doing this, stab himself as an ideological cornerstone for his party. he can draw his party back to the reasonable center. >> do you suspect he will make the move? >> that will be hard for him especially with the wide open primary. >> let's move on to business in 2013. marisa mayer coming to yahoo! from google. >> the fact she's a woman, so very young, announced her pregnancy on the day she was announced as the new head of yahoo!. none of that matters to yahoo!. is she going to acquire apps, acquire a tech company? the fact that they released a new flicker that can compete with instagrahm and did it the day before instagram had their privacy issue. >>> silicon valley legend. good year in a lot of ways for apple. released a flock of new products, ipad mini and iphone 5. there were some debacles, the maps issue, the plant issue. the stock is off 70% of its share high. we'll see how he will right the
bush in the last week shows us that that clan still has clout and a lot of impact in the u.s. whatever jeb bush does in 2016, now is the time for him to have -- he has already begun doing this, stab himself as an ideological cornerstone for his party. he can draw his party back to the reasonable center. >> do you suspect he will make the move? >> that will be hard for him especially with the wide open primary. >> let's move on to business in 2013. marisa mayer coming to yahoo!...
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>> expanding it to more airports in the u.s. you can pay $100 and apply through global entry, which is a program that allows for free security checks and your passport control as well. >> i flew with my kids. they don't take their shoes off, under 12 already. >> fur a member of the precheck, your kids can go in the line with you. >> you're buying that for me. >> that's your christmas gift. how about new planes in these fleets? >> good news is that a lot of older models are going out to pasture. we're excited about the 787 dreamliner in particular. 20% less -- more fuel efficiency and it is also made up of composite materials instead of aluminum which allows for better cabin pressure, little more humidity on board, more comfort. windows are larger, lighting is more subtle. better experience. >> more room maybe, too? >> don't expect a lot more room. the airlines install the seats. however, the seats themselves are more comfortable and you get more technology and more amenities as well. >> i heard maybe beds, not only international
>> expanding it to more airports in the u.s. you can pay $100 and apply through global entry, which is a program that allows for free security checks and your passport control as well. >> i flew with my kids. they don't take their shoes off, under 12 already. >> fur a member of the precheck, your kids can go in the line with you. >> you're buying that for me. >> that's your christmas gift. how about new planes in these fleets? >> good news is that a lot of...